Wednesday, 30 July 2014
Last updated 1 min ago
Sep 10 2010 | 12:07pm ET
Hedge funds rose an estimated 0.71% in August, according to Eurekahedge.
The Eurekahedge Hedge Fund Index is up 1.92% this year. Last month, returns were led by commodity trading advisers and managed futures funds, which rose an estimated 3% (2.67% year-to-date). Distressed debt funds and arbitrage funds also did well, returning 1.06% (8.56% YTD) and 1.03% (4.29% YTD), respectively.
Long/short equity and event-driven funds were the only August losers. The former fell 0.46% and is down the same amount on the year, while the latter shed 0.14% and is up 4.14% through August.
Regionally, Latin American and North American hedge funds did best, rising 0.6% (3.88% YTD) and 0.37% (2.45% YTD), respectively. Eastern European and Russian funds were not so lucky, dropping 1.41% (up 2.09% YTD), with Japan funds shedding 1.03% (up 0.55% YTD). European hedge funds lost 0.26% (up 1.27% YTD), but were no doubt buoyed by the fact that UCITS III-compliant hedge funds continue to bring in money, with total assets in such funds cresting US$130 billion.
Funds of hedge funds were up 0.12% on the month and are down 0.54% on the year.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…